It’s all on like Donkey Kong!
(From Westport)
Printable View
It’s all on like Donkey Kong!
(From Westport)
Yep DOW down nearly 1900 points.
And VIX bounced from 26 back up to 43!
This next week's going to be interesting, with triple witching on the 19th (Q2 options expiration). Looks like we won't have to wait for the next round of earnings (starting mid-July) to shake out the RobinHooders...
Now, how much of this will spread to the NZX...?
Damn when things looked a bit soft late yesterday I logged into ASB Securities made my buy order got to preview my order for BEAR.ASX then thought I don't really understand this so I didn't click OK.
Unfortunately my understanding is that BEAR will do pretty well today. As an aside ASB Securities said I couldn't place a buy order for BBOZ.asx online but gave me an 0800 number at which point I tried the apparently less risky BEAR.
Has anyone else come across this with BBOZ. What is the deal something so risky you need to talk to a broker first??
Coulda Woulda Shoulda. Possibly just a blip today in a recovery or a dead cat bounce?
My experience with bboz. You need to be in early and out fast on a hard falling market.
The pitfalls of leveraged investments like BBOZ are well discussed in this publication:
http://www.stockmarket.co.nz/iastart.htm
Click on the May 2019 issue which is free. Page 2 covers it well.
Thanks to all for the advice. Disappointed not to have bought BEAR but not distraught as it would have been dumb luck. With a new army of investors joining up to trade shares we could be back up again on Monday.
"Jim Cramer: A Zweig Wave Is One That's Definitively Worth Surfing"
https://realmoney.thestreet.com/jim-...HOO&yptr=yahoo
Good read thanks. What with dont fight the fed or the tape and at your rear all these little Sharesies etc reef fish gobbling up volume i could quite happily step out of the sharemarkets but into what is the prob?